Fisker Inc. (NYSE:FSR) Given Consensus Rating of “Reduce” by Brokerages

Shares of Fisker Inc. (NYSE:FSRGet Free Report) have earned an average recommendation of “Reduce” from the ten ratings firms that are presently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $3.89.

FSR has been the subject of a number of analyst reports. Citigroup reduced their price objective on shares of Fisker from $10.00 to $4.00 and set a “buy” rating for the company in a report on Friday, December 8th. Evercore ISI reissued an “in-line” rating and set a $2.00 price target (down from $6.00) on shares of Fisker in a research report on Monday, December 4th. The Goldman Sachs Group dropped their price target on shares of Fisker from $2.00 to $1.00 and set a “sell” rating on the stock in a research report on Monday, December 4th. Morgan Stanley dropped their price target on shares of Fisker from $4.00 to $3.00 and set an “underweight” rating on the stock in a research report on Thursday, November 16th. Finally, Barclays lowered their price objective on shares of Fisker from $4.00 to $1.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 24th.

Check Out Our Latest Stock Analysis on Fisker

Fisker Trading Up 0.9 %

NYSE:FSR opened at $0.79 on Tuesday. The company has a current ratio of 1.68, a quick ratio of 1.05 and a debt-to-equity ratio of 3.28. The stock has a market capitalization of $277.08 million, a price-to-earnings ratio of -0.55 and a beta of 0.74. The firm has a fifty day simple moving average of $1.19 and a two-hundred day simple moving average of $3.76. Fisker has a 12 month low of $0.73 and a 12 month high of $7.86.

Hedge Funds Weigh In On Fisker

Several hedge funds have recently bought and sold shares of the company. Baader Bank Aktiengesellschaft purchased a new position in Fisker in the 4th quarter worth approximately $29,000. RVW Wealth LLC purchased a new position in Fisker in the 3rd quarter worth approximately $36,000. Russell Investments Group Ltd. grew its stake in Fisker by 420.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 8,138 shares of the company’s stock worth $44,000 after buying an additional 6,574 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Fisker by 293.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,856 shares of the company’s stock worth $50,000 after buying an additional 5,112 shares in the last quarter. Finally, FMR LLC lifted its holdings in shares of Fisker by 54.2% in the 1st quarter. FMR LLC now owns 8,370 shares of the company’s stock worth $51,000 after acquiring an additional 2,941 shares during the last quarter. Hedge funds and other institutional investors own 33.74% of the company’s stock.

About Fisker

(Get Free Report

Fisker Inc develops, manufactures, markets, leases, or sells electric vehicles. It operates through three segments: The White Space, The Value Segment, and The Conservative Premium segments. The company is also involved in asset-light automotive business. In addition, it offers fisker flexible platform agnostic design, a process that develops and designs electric vehicles in specific segment size.

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Analyst Recommendations for Fisker (NYSE:FSR)

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